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1992 (10) TMI 144 - AT - Income TaxExtract: .......e facts and circumstances of the case, we hold that the CGT was justified in invoking the jurisdiction under section 24 of the Gift Tax Act, 1958 and also in giving direction to the GTO to adopt the market value of the property without the adjustment of 50 of the unearned increase in the value of the land. 9. In the result, the appeal is dismissed.
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